Whether through medical bills, counseling bills, or missing work, victims of sexual assault often incur a great amount of post-trauma expenses. This additional economic hardship may make it impossible for the victim to stay current on his or her current bills and expenses, including his or her consumer loans and credit card debts.
Between student loan debt and credit card debt, credit card debt is much easier for a victim to eliminate. If a victim is struggling to make his or her payments, he or she should call his or her credit card company. The credit card company has the discretion to waive late fees and penalties, lower interest rates, raise credit limits, and change his or her due date.
Furthermore, the credit card company can settle the victim’s credit card debt for significantly less money than he or she owes. Also, because credit card debt is an unsecured debt, it is possible that the entirety of the victim’s credit card debt can be forgiven through bankruptcy.
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*NICCSA is a project of the Southwest Center for Law and Policy (www.swclap.org) This project is supported by Grant No. 2017-SA-AX-K001, awarded by the Office on Violence Against Women, U.S. Department of Justice. The opinions, findings, conclusions, and recommendations expressed in this publication/program/exhibition are those of the author(s) and do not necessarily reflect the views of the Department of Justice, Office on Violence Against Women.